California Government Code

§ 100521

GOV § 100521 Effective Jan 1, 2012Title 22

Statute text

(a)The board shall ensure that the establishment, operation, and administrative functions of the Exchange do not exceed the combination of federal funds, private donations, and other non-General Fund moneys available for this purpose. No state General Fund moneys shall be used for any purpose under this title without a subsequent appropriation. No liability incurred by the Exchange or any of its officers or employees may be satisfied using moneys from the General Fund.

(b)The implementation of the provisions of this title, other than this section, Section 100500, and paragraphs (4) and (5) of subdivision (a) of Section 100504, shall be contingent on a determination by the board that sufficient financial resources exist or will exist in the fund. The determination shall be based on at least the following:

(1)Financial projections identifying that sufficient resources exist or will exist in the fund to implement the Exchange.

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Legislative history

Amended by Stats. 2011, Ch. 296, Sec. 136. (AB 1023) Effective January 1, 2012.